PE Fund Lost $43M In 'Speculative' Stock Swap, Del. Suit Says

By Jarek Rutz ( November 3, 2026, 2:25 PM EST) -- An investor in a private equity fund has accused its managers in Delaware Chancery Court of secretly exchanging about $43 million in diversified investments for securities in a "speculative" financial company, then failing to sell those holdings before their value plunged 99.98%, leaving investors with virtually nothing....

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